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1) Technology (Social Networks, Big Data, Telecom)
2) E-Comerce & Digital Economy
3) Favourable regulatory environment
4) Demographics (Rise of Millennials)

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Automated Financial Advice based on complex algorithms and decision trees.
E.g., Nutmeg

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Financial Disruptions due to high cost payment fees.

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For Social Entrepreneurs to raise capital from large number of people.
E.g.- CrowdCube, Indiegogo

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Find Indian P2P lenders

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1) Lending
2) Personal Finance
3) Payments
4) Retail Investments
5) Equity Financing
6) Remittances
7) Consumer Banking
8) Institutional Investments
9) Financial Research
10) Banking Infrastructure

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Over $4.7 trillion revenue loss for traditional banks
Attracted $19b in investments.
Euro banks expect to invest 62b euros in IT

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A Contraction of "Finance" & "Technology"
Resulting of new and innovative products and services, primarily through software

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Invented by Former Mayor of NY.

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Replacement for Expensive Cash

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1) Saving costs for opening a bank branch
2) Ease of Access
3) No Queue for Cash

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Placing order via phone instead of travelling to Wall Street physically for clients

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The letter of credit was created to eliminate transportation to distance places. Technology has been always been there in finance.

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1) No Bank Accounts
2) No Money Creation
3) Difficulty in obtaining credit
4) Hinderance to Innovation due to lack of funding.

Mobile Banking solutions can combat these factors as % of people with phones is greater % of people with bank accounts.

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e.g., M-Pesa is a mobile enabled banking solution. Launched in Africa but spread worldwide due to less regulations.

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e.g., DBS (Development Bank of Singapore)